Rentometer, Inc. | Data as of 10/23/2025
Waverly, Michigan offers a balanced rental landscape that appeals to both young professionals and families seeking a welcoming Midwestern community. The city’s close proximity to Lansing provides easy access to a vibrant employment hub while maintaining a quieter, small‑town atmosphere. Residents enjoy local amenities such as the historic downtown district, Riverfront Park along the Grand River, and a variety of dining and shopping options that cater to diverse tastes.
The rental market features a mix of apartments and single‑family homes, each presenting distinct advantages. One‑ and two‑bedroom apartments are commonly priced in the $1,100 to $1,300 range, with three‑bedroom units moving into the $1,400‑$1,500 bracket, offering modern amenities and convenient locations near transit routes. For those preferring a house, two‑bedroom homes are typically available around the $800‑$1,000 level, while larger three‑bedroom properties can be found in the $1,800‑$2,000 range, providing ample space for growing families and pet owners.
Neighborhoods such as the historic Oakwood area and the newer Riverbend development highlight Waverly’s blend of classic charm and contemporary living. With reputable schools, well‑maintained parks, and community events that foster a strong sense of belonging, the city presents a compelling option for renters looking for affordability without sacrificing quality of life. Whether you’re searching for a low‑maintenance apartment close to downtown or a spacious house near top‑rated schools, Waverly’s rental offerings align with a variety of lifestyle preferences.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,110 | $1,150 | $800 - $1,397 | $900 - $1,268 |
| Apartment | 2 Bedroom | $1,287 | $1,235 | $885 - $2,441 | $1,055 - $1,445 |
| Apartment | 3 Bedroom | $1,512 | $1,399 | $1,255 - $1,865 | $1,370 - $1,710 |
| House | 2 Bedroom | $1,033 | $820 | $780 - $1,500 | $780 - $1,500 |
| House | 3 Bedroom | $1,845 | $1,950 | $1,250 - $2,335 | $1,250 - $2,335 |
In the current period, the average rent in Waverly was
$1,110 for 1 Bedroom,
$1,269 for 2 Bedroom, and
$1,612 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.